Revenue increased 12.9% and also higher than preceding year corresponding quarter 0.1%, eps decreased 6.4% and was second consecutive quarter decreasing but still higher than preceding year corresponding quarter 241.7%, cash generated from operating not enough to cover financing & investing activities hence still generate cash from financing activities but still spent 54% of Group cash, weaker liquidity but still at moderate level now, lower gearing ratio at moderate level now, all accounting ratio are good, consumer confidence for digital products seems to be affected by both the weak US and Euro zone economies

First Support Price

1.6

Second Support Price

1.45

Risk Rating

MODERATE

Research House

HwangDBS Target Price

2.5 (2011-01-24)

OSK Target Price

2.12 (2011-05-11)

RHB Target Price

2.1 (2011-08-02)

HLG Target Price

2.58 (2011-08-12)

Maybank Target Price

2.4 (2011-08-12)

ECM Target Price

2.43 (2011-08-15)

Accounting Ratio

Return on Equity

16.79%

Dividend Yield

4.10%

Profit Margin

21.57%

Tax Rate

22.47%

Asset Turnover

0.5818

Net Asset Value Per Share

1.66

Net Tangible Asset per share

1.66

Price/Net Tangible Asset Per Share

1.17

Cash Per Share

0.11

Liquidity Current Ratio

2.4096

Liquidity Quick Ratio

1.7023

Liquidity Cash Ratio

0.3028

Gearing Debt to Equity Ratio

0.5232

Gearing Debt to Asset Ratio

0.3424

Working capital per thousand Ringgit sale

33.9%

Days to sell the inventory

75

Days to collect the receivables

107

Days to pay the payables

44

My notes based on 2011 quarter 3 report (number in '000):-
- The lower PAT of about RM0.6 million is mainly attributable to higher costs and a weaker USD

- In Q3FY2011, HDD parts revenue recorded RM21.7 million (Q2FY2011: RM20.5 million), camera parts recorded RM29.2 million (Q2FY2011: RM24.4 million) whilst the industrial/automotive revenue was at RM9.9 million (Q2FY2011: RM9.0 million). The product mix for Q3FY2011 was HDD:Camera:Industrial/Automotive of 36%:48%:16% compared to previous quarter's mix of 38%:45%:17%